The Estonian economy will grow by around 3.5% this year and next, and by 2020 growth will slow to close to 2%. One reason that growth will slow is that fewer people enter the labour market. Another reason is the problem of competitiveness at companies, which is indicated by a decline in Estonia... more
Statistics Estonia estimates that the economy grew by 4.2% in the third quarter over the year. This was a little faster than in the second quarter when the growth was 3.8%. The faster growth in the third quarter was an exception in the wider... more
Among the presenters at the Äriplaan 2019 economic conference on Thursday was Eesti Pank Governor Ardo Hansson, who said that the past couple of years have been good for the Estonian economy, but a slower rate of growth is to be expected in future.
The past couple of years have been kind... more
- Living standards in Estonia are at almost 80% of the European Union average
- Further growth in the economy will be restrained by the fall in investment by companies and the slow growth in productivity
- The economy... more
- Growth in the economy will be around 3.5% in 2018-2019, but it will slow to 2.5% in 2020
- Inflation will start to slow to 2.9% in 2018, 2.5% in 2019, and 1.9% in 2020
- Wage growth will remain fast until 2020 at around 6-7%
- The low level of investment by companies... more
Governor of Eesti Pank and member of the Governing Council of the European Central Bank Ardo Hansson says there is no reason to hope that interest rates on loans will forever remain as low as they are now.
- The central banker believes that the Estonian economy is already simmering... more
- Economic growth is supported by favourable monetary and fiscal policies
- Potential threats include the political uncertainty in Italy and restrictions on free trade
- Growth in private consumption and exports... more